Naming things is important and all, but I'd prefer to evaluate policies on their individual merits instead of simply classifying them as X is part of Y and total Y is bad therefore X is also bad.
Are worker co-ops bad just because they are socialist? Is it bad to regulate a company dumping chemicals in your drinking water because it saves them a few bucks?
On the flipside, is it bad to have reasonable pay discrepancies (not 300x, but maybe 8x) which markets naturally produce?
I think as a general rule we should strive to avoid concentrations of power in the hands of the few. Which has been a side effect of both capitalism and communism.
Humanity evolution is clearly follows the trajectory with well known "strong points" (in math sense) Slaveholding, Feudalism, Capitalism, Socialism, Communism, …
Point (in math sense) has no dimensions so you cannot say "we are exactly at Capitalism now" but rather somewhere on that trajectory between strong points. Closer to Capitalism, closer to Socialism are the right terms I think.
It is obvious that, let's say, Europe now is somewhere in between of Capitalism and Socialism. And in 1900 it was around pure Capitalism point, in some countries between Feudalism and Capitalism.
And "Robots economy" will move us closer to Communism where 95% of population will not participate in goods/services production activities. So that will be that famous "... to each according to his needs" [1]
[1] https://en.wikipedia.org/wiki/From_each_according_to_his_abi...
If you have private ownership of production you are still capitalist. All the Nordic countries do this. They are not so much socialists as welfare states. If we must have a welfare state, I would much prefer the "citizens as shareholders of the country" model with a basic income, rather than the overweening paternalism of current welfare states.
Did they have a house though?
socialism is already everywhere. communism on the other hand failed on all fronts.
The economic system in communist countries was generally called socialism, while 'communism' is used for the political movement and its ideology.